Rs 10.7 lakh cr amounting to 6% of India’s GVA locked up annually in delayed payments to MSMEs

Credit and Finance for MSMEs: The seemingly intractable problem of delayed payments faced by millions of MSMEs is estimated to have Rs 10.7 lakh crore, amounting to 5.9 percent of India’s gross value added (GVA), locked up annually, according to a report launched by the non-profit entity for promoting entrepreneurship Global Alliance for Mass Entrepreneurship (GAME) and analytics company Dun & Bradstreet (D&B) on Wednesday. “If India is to become a $5 trillion or even $10 trillion economy, it must ensure that its economic actors are reliable and trusted, and timely payments are made to MSMEs by buyers…At the moment, our economy seems a far way off from this reality,” the report said. GAME shared the report with MSME minister Narayan Rane as well on Tuesday.

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